India's green hydrogen and ammonia bids hit global cost competitiveness benchmark

The lowest bid for the green ammonia was INR 49.75/kg while green hydrogen was discovered at INR 279/kg. Green hydrogen production capacities of 30 KTPA has been awarded for the refineries

The global energy landscape is shifting, and India is rapidly positioning itself as a low-cost powerhouse in the clean energy transition. Recent market trends and pricing signals for green hydrogen and green ammonia indicate that India is not just participating in the global race—it is moving toward absolute cost competitiveness with traditional fossil-fuels and established global exporters.

“The lowest bid for the green ammonia was INR 49.75/kg while green hydrogen was discovered at INR 279/kg. Green hydrogen production capacities of 30 KTPA has been awarded for the refineries. This will help create a domestic market for the green hydrogen, reduce independence on the imported fossil fuels and strengthen our energy security,” Union Minister for New and Renewable Energy Pralhad Joshi said in a video message at S&P Global Energy's Horizons Clean Energy Expansion India 2026 conference on Thursday.

Joshi said that India's green hydrogen journey is built on a very strong renewable energy foundation. “Our non-fossil capacity has crossed 304 GW while solar capacity crossed 160 GW. At the same time, India is rapidly building its own manufacturing capacities with a module manufacturing capacity of around 214 GW. Under the national green hydrogen mission with an outlay of about 19,744 crores, the SIGHT program incentives have been awarded for around 8.62 lakh tons per annum green hydrogen production and 3000 MW per annum of domestic electrolyzer manufacturing,” he added.

Abhay Bakre, Mission Director, National Green Hydrogen Mission, Ministry of New and Renewable Energy, outlined the pathway for scaling India’s green hydrogen economy beyond the SIGHT programme.

Organised by S&P Global Energy under the theme “Turning Hydrogen Ambition into Industrial Reality,” the conference highlighted India’s shift from policy ambition and project announcements towards execution, bankability, infrastructure readiness and demand creation across the green hydrogen value chain.